Steen Jacobsen shares his views on the full ramifications of the recent fall of the iron price

Steen Jacobsen shares his views on the full ramifications of the recent fall of the iron price. He says he when we see the low in global growth expectations and inflation expectations, which he expects in Q1 and Q2 of CY15, it becomes a huge opportunity to buy into the resources side. Basically, Steen's preferred trade for CY15 is to be long resources and short financials - the complete opposite to the good trade in CY14. He provides further explanation and a discussion on Fortescue Metals in this video.